186 E Vernon Avenue, Los Angeles, CA 90011
List Price: $699K
Listing Status: Active
0Days on Market: 8
4 Bedrooms · 4 Bathrooms · 2,247 sq ft
Property Type: ResidentialIncome
Year Built: 1921
Lot Size: 6,921 sq ft
MLS Number: 26848321
About This Property
Stable, fully occupied three-unit income property located close to USC and Downtown L.A. The property consists of three residential units across two separate buildings on a large 6,921-square-foot lot zoned C2-1VL with future development potential. The unit mix includes two 1-bedroom/1-bath units (one of them Section 8) and one unit 3-bedroom/1 bath, providing strong rental income. The South Los Angeles market continues to benefit from proximity to Downtown LA, USC, Exposition Park, and major transit infrastructure. Adjacent to the signalized corner of San Pedro Place and Vernon Avenue, with the future potential of a broad range of commercial uses by-right and TOC Tier 2 Designation, offering a significant density bonus potential for qualified affordable housing projects.
Listing provided by: Darin Spillman DRE #01366902 310-312-1800 darin.spillman@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS, MLS #: 26848321
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.